DA Davidson Weighs in on BancFirst Co.’s FY2024 Earnings (NASDAQ:BANF)

BancFirst Co. (NASDAQ:BANF) – Equities research analysts at DA Davidson upped their FY2024 earnings estimates for shares of BancFirst in a report issued on Monday, April 22nd. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $5.84 per share for the year, up from their previous estimate of $5.44. DA Davidson currently has a “Neutral” rating and a $92.00 target price on the stock. The consensus estimate for BancFirst’s current full-year earnings is $5.66 per share.

BancFirst Stock Performance

Shares of NASDAQ BANF opened at $91.57 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average price is $86.65 and its two-hundred day moving average price is $88.18. BancFirst has a 52-week low of $68.44 and a 52-week high of $104.00. The stock has a market capitalization of $3.02 billion, a P/E ratio of 14.96 and a beta of 1.09.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, March 27th. BancFirst’s dividend payout ratio (DPR) is 28.10%.

Insider Activity at BancFirst

In other BancFirst news, EVP Dennis Jay Hannah sold 4,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $88.66, for a total value of $354,640.00. Following the sale, the executive vice president now directly owns 24,714 shares in the company, valued at $2,191,143.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Dennis Jay Hannah sold 4,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $88.66, for a total value of $354,640.00. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $2,191,143.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin Lawrence sold 1,159 shares of BancFirst stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $88.00, for a total value of $101,992.00. Following the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $880,000. The disclosure for this sale can be found here. Insiders sold 19,300 shares of company stock worth $1,706,128 in the last 90 days. 33.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BancFirst

Several large investors have recently bought and sold shares of BANF. National Bank of Canada FI acquired a new position in shares of BancFirst during the third quarter valued at approximately $140,000. SG Americas Securities LLC acquired a new position in shares of BancFirst during the 3rd quarter valued at $907,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of BancFirst in the 3rd quarter worth $560,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BancFirst by 46.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,383 shares of the bank’s stock valued at $293,000 after buying an additional 1,073 shares during the period. Finally, Inspire Investing LLC boosted its stake in BancFirst by 3.7% during the third quarter. Inspire Investing LLC now owns 3,541 shares of the bank’s stock valued at $307,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

About BancFirst

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.